Monday, 27 July 2015

"So that’s what we’re looking for here at Peak Prosperity: a
deflationary crunch savage enough to scare the central banks into
opening the monetary spigots even wider. But this next time, we think
they’ll seek to goose economic growth by giving money directly to the
people as well as non-bank corporations.
And we think that deflationary bust has already begun. Our record-high stock markets simply somehow haven’t gotten the memo yet."